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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: jjs_ynot who wrote (11360)4/18/1999 2:44:00 PM
From: donald sew  Respond to of 99985
 
Dave,

Thanks for the heads up. I spend more time watching the NEW HIGHs/LOWs than the volume or A/D. Just too many things to watch if one wants to watch them well.

seeya



To: jjs_ynot who wrote (11360)4/18/1999 7:39:00 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
The A/D improvement has not been accompanied by an improvement in Up vs. Down Volume (esp. in the NASDAQ). So while the number of issues going up has increased, money seems to be quietly leaving the market or rotating to safer sectors (big names or the RUT that has underperformed for the last several years) in anticipation of a correction.

Dave:

I focus more on the number of issues Advancing and Declining, not the volume... Five or six large cap stocks declining can mask the Advance of hundreds of smaller cap stocks, if you only consider volume... The real story is in the absolute number of Advancers vs Decliners... quote.yahoo.com

We had a little more than a 2:1 A/D ratio... That's over 2000 companies advancing compared to 1000 declining on the NYSE... This is significant as it implies a broadening of the market advance...

Jim